The eight persons had applied for bail on Oct. 24 after the trial court confirmed charges ranging from criminal breach of trust, corruption, criminal conspiracy, falsification of documents to cheating and abetment to the crime against them.

Ms. Kanimozhi as well as Sharad Kumar, managing director of Kalaignar TV; Rajiv Agarwal and Asif Balwa, directors at DB Group companies; and Karim Morani, head of Cineyug Films Pvt. Ltd., are facing charges such as criminal breach of trust, corruption, criminal conspiracy, falsification of documents, cheating and abetment to crime.